Business Blog

By Ted Carter Banking giant Wells Fargo wants to expand its wealth business and London-based Barclays Wealth will soon be stepping up its hiring of wealth managers in the United States. Wells Fargo CEO John Stumpf told a recent conference in New York that the bank has concluded its wealth business is “sub-optimized” and could [...]

By Ted Carter At a recent press conference, Federal Deposit Insurance Corporation Chairman Sheila Bair drew a distinction between investigations of bank executives and directors her office is doing and the criminal probes launched by the FDIC’s inspector general. She said her agency has approved about 200 civil actions against bank officers and directors aimed [...]

By Amy McCullough If wishes were horses, campaign contributions in Mississippi would be easier to search. The Mississippi Business Journal understands the state has limited resources and appreciates the Secretary of State’s inclusion of campaign contribution pdfs online. But if we could change one thing as far political reporting goes, our Ethics Commission would have [...]

By Amy McCullough The latest unscientific MBJ poll asked: “What is the most important issue facing Mississippi?” Given a choice of Education, the Economy or Obesity, more than half of readers selected Education. Without a good education system, businesses cannot be convinced to locate in Mississippi. Without good education and workforce development, potential employees cannot [...]

UPDATE 12/6/10: A Los Angeles real estate investment partnership that owns Jackson’s Metrocenter Mall says it has caught up on the mall’s tardy debt and will avoid foreclosure. Meanwhile, Jackson Metrocenter Group, LLC, is willing to consider offers from prospective buyers… Read “Metrocenter owner: Debt paid”. By Ted Carter JACKSON — The vice president of [...]